economy
Canada lifts ban on EgyptAir cargo after more than 2 year suspension
Egypt
April 19, 2018
Canada lifts ban on EgyptAir cargo after more than 2 year suspension
Canada has halted a ban on belly cargo on direct passenger flights from Egypt following a more than two-year suspension…
Steigenberger Hotels to expand in Egypt with new hotel in Luxor set to open by 2018
Travel
April 19, 2018
Steigenberger Hotels to expand in Egypt with new hotel in Luxor set to open by 2018
Steigenberger Hotels & Resorts, part of Deutsche Hospitality, has signed an agreement to open up the Steigenberger Resort Achti in…
Egypt to receive $2 bn from IMF after 3rd review in May: minister
Economy
April 19, 2018
Egypt to receive $2 bn from IMF after 3rd review in May: minister
Egypt’s Finance Minister Amr al-Garhy said on Wednesday that the review of the International Monetary Fund’s (IMF) third installment to…
US dollar prices slightly increase on Monday
Economy
April 16, 2018
US dollar prices slightly increase on Monday
The US dollar exchange rate witnessed a slight increase against the Egyptian pound reaching an average of LE17.58 during the banking dealing…
Thomas Cook’s summer bookings to Egypt from UK, Germany up 40% y-o-y
Travel
April 16, 2018
Thomas Cook’s summer bookings to Egypt from UK, Germany up 40% y-o-y
Thomas Cook’s summer bookings for Egypt from the UK and Germany are up 40 percent year-on-year, according to Moody Shair,…
Egypt’s annual urban inflation falls to 13.3% in March
Economy
April 10, 2018
Egypt’s annual urban inflation falls to 13.3% in March
The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a decrease in the annual urban consumer price inflation by…
Egypt’s net foreign reserves rise to $42.611 bn in March
Economy
April 2, 2018
Egypt’s net foreign reserves rise to $42.611 bn in March
Egypt’s net foreign reserves rose slightly to US$42.611 billion at the end of March, from $42.524 billion at the end…
Draft budget expects 5.8% growth rate, decreased budget deficit
Economy
March 29, 2018
Draft budget expects 5.8% growth rate, decreased budget deficit
Prime Minister Sherif Ismail received on Wednesday the draft budget for the 2018/19 fiscal year, and said in a Cabinet…
British tourism in Egypt to be revived in 2018: reports
Egypt
March 28, 2018
British tourism in Egypt to be revived in 2018: reports
After a significant decrease of the influx of British tourists to Egypt in recent years, international travel agencies have forecasted…
Egypt aims at 5.8% GDP growth in 2018/19 budget
Economy
March 24, 2018
Egypt aims at 5.8% GDP growth in 2018/19 budget
Egypt’s cabinet approved this week the state’s budget for the 2018/2019 fiscal year, which aims to reach a GDP growth target…